segor
Returning Member

Business & farm

I did only 4 transaction last year. In most cases I just do wire transfer and few minutes communication. All major work done by title company.

I think I do "Materially Participate" the same way as for my investment account in Fidelity where I have 'interest' income, but it is not related to real estate.

Second question: Why turbotax offset this income with passive loses if it considered as an active income?